JPMorgan updated its forecast model for TECHTRONIC IND (00669), making slight adjustments to earnings projections while maintaining estimates several percentage points above market expectations. The target price was raised marginally from HK$135 to HK$136.

The report noted that while short-term U.S. consumer data may appear weak amid macroeconomic uncertainties, TECHTRONIC's professional and retail product markets have demonstrated resilience. The firm believes industry demand remains far more robust than some brokerages suggest, with no clear signs of deterioration observed. As a result, JPMorgan reaffirmed its "Overweight" rating on the stock.